Deafnet Association Inc

Analysis

Deafnet Association Inc is a registered charity in United States, based in Hagerstown, MD. It received its IRS tax-exemption ruling in July 1989, 37 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Deafnet Association Inc reported income of $755k and spending of $791k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $755k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Deafnet Association Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Roanoke Park Counseling ($754k), Prime Time ($755k) and Healthy Alaska Natives Foundation ($754k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $62k (7.8% of expenses). Other salaries and wages came to $139k. At year end it held assets of $2.7m against liabilities of $2,547, net assets of $2.7m. It reported 8 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.